Club Mulgoa

Saturday, October 01, 2011

MNB

Last week, the markets tumbled. But tomorrow, you will still have to feed the billions of Indians and Chinese who are becoming richer.

Before the close of business on Friday, MNB announced a fantastic phosphate deposit in Angola, relatively shallow. Yet, the share price fell by 2c. Why were there sellers? Maybe, they knew the US market was going to fall. The ASX will fall on Tuesday when it opens.

I will be watching because markets cannot keep falling and certainly not at the recent rate. All because of lazy Greeks? That must be a big financial joke.

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